EXPLORATION OF SECTORS FEASIBILITY FOR WHOLE FARM REVENUE AND MARGIN INSURANCE

This bid solicitation is being issued to satisfy the requirement of Agriculture and Agri-Food Canada. It is intended to result in the award of one contract from contract award to September 30 2023 with three (3) one year option periods.AAFC is requesting proposals to fufill the primary intent of the Task Authorizations (TA’s) Contract under this procurement, the Department of Agriculture and Agri-Food Canada (AAFC) is seeking the services of a multi-disciplinary firm experienced in agriculture, insurance, accounting and actuarial services, in order to explore the concept of a new approach in agricultural insurance programming.The intent is to have a consultant undertake a complete analysis of how whole farm revenue insurance and margin insurance could work for the fruits and vegetables sector and the potato sector in Canada. This work will build off the basic framework outlined in the department’s previous third-party review of whole farm revenue insurance for the grains and cattle sectors while also adapting and customizing the conceptual and models to account for the unique specific characteristics of the production and market risks and data availability in all of these new sectors.The mandate for this work was set out by FPT Ministers of Agriculture at their meeting in July 2019 where they tasked officials to review the potential for alternative insurance-based approaches to BRM programming (i.e., revenue and margin insurance). The outcomes of this work has the potential to make profound and significant policy and administrative improvements to Canada’s suite of risk management tools for agriculture.